India’s largest mobile payments and commerce platform Paytm has
acquired the team at Shopsity, a Delhi-based startup that offered O2O solutions
to small retail stores. This was reported today by news agency ANI.
This move is in line with Paytm’s vision to create strong
seller-focused services for its offline merchants.
Shopsity is focused on small unorganized retailers, providing them with tools
to attract and retain customers. Co-founders Danish Ahmed and Gaurav Arya have
joined Paytm’s management and are actively working to strengthen seller
services for the 800,000 strong offline sellers on the Paytm ecosystem.
“Shopsity has done a great job at providing innovative
solutions to small offline retailers. By integrating their technology with our
advanced seller services, we will be able to offer additional solutions to our
fast-growing family of small offline merchants. We would like to welcome Danish
and Gaurav to Paytm and our offline merchants team. I am confident this
acquisition will offer further momentum to our online-to-offline commerce
segment,” said Chief Financial Officer Paytm, Madhur Deora.
“Paytm is doing phenomenal stuff in the offline commerce
space, and we are very excited to join the team and build a platform that
enables small retailers to ride the digital wave. Millions of retailers are
using Paytm to accept payments today, and we’re working hard to bring an entire
suite of digital services to them,” said Co-founder Shopsity, Danish